This
year student health insurance cost will be increasing from $250 to $715 annually
for undergraduate and from $361 to $1,033 for graduate students.The coverage being provided by the new
student health insurance plan has been improved in keeping with the premium
increase. The new policy will have a $50,000 per accident or illness policy
limit with a $1,000 prescription drug benefit and $750 in wellness benefits.Students who have other coverage available
will be able to waive out of the student health insurance plan.

New
Jersey Statute 18A:62-15 provides in part that:

1.Every student enrolled as a full-time student shall
present evidence of the health insurance coverage required by subsection a. of
this section to the institution at least annually.

2.The State Department of Health shall require all
public and private institutions of higher education in this State to offer
health insurance coverage on a group or individual basis for purchase by
students who are required to maintain the coverage pursuant to this
section.

In addition to the State mandates, the United
State Department of Health and Human Services has issued proposed
regulation that would establish rules for student health insurance coverage under
the Public Health Service Act and the Affordable Care Act.In view of the new federal health care legislation which
mandates the phasing in of substantial improvement to the standard college
student health insurance policy, the Colleges collectively decided to
proactively address the problem and we are proud to present our students with a
greatly improved student health insurance plan.

As
the new federal health care laws and regulations are implemented over the next
several years we know that we will be required to improve the level of coverage
offered by our plan and consequently the cost of the premium will continue to
increase due exclusively to those mandated changes.

The
new federal healthcare laws also require parents’ health care policies to
provide coverage for dependent up to age 26, so we encourage our students to
investigate that possibility as an alternative to the student health
insurance.Students should also explore
their eligibility for public health benefits before deciding whether or not to
waive out of the student insurance program.